SBUX (1D) - Bear Alternate Bat

2023年1月10日

This inside pattern hit the numbers and had a natural harmonic reaction. Price has made a divergent retest. On the 1H, there appears to be an extended Bear Bat in place that is now signaling. Imo, this action justifies a Type1.5 short entry for the daily pattern. Expect price to drop to target1 as a minimum reaction. If price moves upward or has another natural reaction with no follow through to target1, expect a test of the HOP level at a minimum. More action beyond the HOP would likely set up larger outside patterns.